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." first up, will president obama convince republicans to give him a compromise that's big enough, sweeping enough to end this month on a high note? to cap off his election win and get a clean start on his second term. a victory for the president would look like this -- get that top income tax rate up. make minimal concessions on entitlement cuts and get it done before the end of this month, avoid that cliff. this week the president said talk on a partial deal on taxes alone will not cut it with him. >> there have been reports that perhaps the republicans go ahead and let the middle class tax cuts get extended, the upper income tax cuts go up, otherwise we don't get a deal and next year we come back. i have to just tell you, that's -- that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. chris: he wants a pretty good deal, a lot of things in it. when he sits down in that room with he and boehner, it's come down to the two of them, are both looking at the fact that obama won the election and he should get a tilt in his discretion,
republicans do. with obama care coming down the pike, so many people are going to part-time work, and they're being hurt. i mean, everyone i know in every possible industry is already seeing cut backs in advertising, cut backs and going to see the doctor. the economy is going to be a disaster. it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john kerry and diane feinstein. this is a tax on people desperately trying to become rich but the truly wish don't want them to. finally, the most important point is in two years we've got to take back the senate. >> sean: i don't want to talk about the election. >> the republicans need to concentrate on making sure this economy gets blamed on obama. there are thing
the cliff than obama is. and i fear that the republicans are going to re-establish their reputation as the tax collectors of the welfare state. >> has president obama's position hardened over the past few days. >> i don't know. i am just thinking how sweet it is what pat just sate. i agreed with everything you just said. i think it is always dangerous to be complacent that there is going to be a deal, given the stakes and the hardened political line, but ever since the speaker put revenue on the table, the republicans have been breaking rank, and i think they really don't want to go down protecting the tax breaks for millionaires and billionaires. and you do see the beginnings of a deal. they will probably drag it out a bit longer, because each side wants to show their base that they're fighting very hard. but i think reasonableness may descend on washington and it is something that we should all applaud. >> ryan grim, do you think we will have reasonable connection on this? >> i don't think so. there was another meeting on thursday, and the white house made it very clear that they'
she will suffer if -- he suffer if we go over the cliff. it will hurt the republicans in congress, which is why democrats will relish going over the cliff. but obama is not running again, unlike democrats in congress. he is thinking of his legacy. if we go over the cliff and into recession, and the cbo has predicted 9% unemployment, a drop in gdp, that will wreck his second term. i am not sure he has all the cards. he has the advantage and republicans as their backs against the wall, but he may be overplaying his hand. he is pushing for unconditional surrender. i am not sure republicans will go along unless there is some give on obama's part. >> unconditional surrender, mark? >> i am not sure with the exact policy is. the president has the advantage and the factors you are seeing are on the republican side. the democrats' ranks are totally unified. but i think it is important when the president does prevail, which i think he will in this showdown, all but certain, that there be -- that it be done in a way that john boehner leaves with his dignity intact and a sense that he has ach
not sure republicans will go along unless there is some give on obama's part. >> unconditional surrender, mark? >> i am not sure with the exact policy is. the president has the advantage and the factors you are seeing are on the republican side. the democrats' ranks are totally unified. but i think it is important when the president does prevail, which i think he will in this showdown, all but certain, that there be -- that it be done in a way that john boehner leaves with his dignity intact and a sense that he has achieved something. if it is just -- humiliation cannot be a byproduct. >> colby? >> it would not be a defeat for obama in any way. we go over the cliff, a stop because republicans sent over the cliff. -- it is because republicans send us over the cliff, not doing what americans want us to do. the american people think we ought to increase the rates. there is a principle there. they give on that, then the president has to do something on entitlements and put something on the table that is tangible, and we will have to deal. but if it they don't rely on those rates, we will go
such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think tank the heritage foundation. let's face it the g.o.p. needs new energy. it needs branding help. heck, we have a lot of issues resolve amongst ourselves before we even from a hope of rebuilding the movement to appeal to new generations of voters. of course, libertarians and social conservatives are probably never going abortion and gay marriage. they must find a way to agree on other critical issues. republican con sis tans on globalization, immigration r
on sensible steps on healthcare reform other than to repeal obama care. the republican party will continue to be adrift unless conservatives, still the most influential group within the party have a clear sense of what they stand for and what policies will best serve their cause and the nation's. so beyond the fiscal cliff resolution, we need to find better messengers, better candidates who are also media and tech savvy. whatever our differences, we can all agree as conservatives on a philosophy grounded in limited government, the free market and the judeo-christian tradition and this should be attractive to young and old black and white male or female voters. the most important thing is that we not despair. the problems we face today are no worse than the ones conservatives faced in the 1970 os when remember they had to deal with a weak economy and aggressive soviet union and the fallout from vietnam. they overcame those problems and they changed the world for the better. we can do the same. and that's the memo. now on to the top story tonight. the president's refusal to budge in negotiat
e by republicans will go along unless there is some give from obama. >>>> unconditional surrerender rk? >> i am not sure what the exact policy is. the president has the advantage. the e factors are a on the republican side. and the democrats' ranknks have been totally unied. i think i.t. is important when the president does prevail which i think he will, ththat it be done in a way that john boehner, republican speaker of the house, leaves with it his dignity intact and with a sense that he has achieved something. if it is -- humiliation cannot be a byproduct of the final resolution. >> colby? >> it would not be a defeat for president obama in any w way. if we go over the cli, it iss because the republicans send us over the cliff because they refud to do what 55% of the american people want them to do, remove those rates s for the rich, the tax rates that went up under the bush plan. that is all he wants. he thinks we ought to pay more. the american people think ought to payore. there is a principle there. they give on that, the presisident has to do something on entitlements and p
that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what
budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the brink of default again as part of a budget negotiioion, i will not play that game. >> republicans held their meeting with small business owners and denied they are trying to punt until next year. >> i'll be here. i'll be available at any moment to sit down with the president to get serious about solving the problem. >> they noted the president has not scheduled any meetings with g.o.p. leaders in weeks and not offered a counterproposal to boehner's plan fr
to give pause on what could happen next year. >> reporter: today, president obama and house republicans are locked in a politicalstair staredown. >> we can probably solve it in a week, it is not that tough, we need that breakthrough that says we need to do a balanced plan. >> although the president seems obsessed about raising taxes on you, we feel it is not the right direction to go. >> reporter: it comes down to a tug of war over taxes. the president's proposal, increasing rates on americans making more than $250,000, to raise 1.6 trillion over a decade. house speaker john boehner wants to cut the number in half. >> there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government. without raising tax rates. >> reporter: and the president today offered this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it
. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal ball and tell us about this january 1 monetary nuclear bomb. are we going over the cliff, patrick? >>
not raise tax rates. now republicans are pointing back to july 2011. this statement by president obama. >> yes, said give us $1.# trillion in additional revenues that could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes. eliminating deductions. and engaging in a tax reform process that could lowered rates generally while broadening the base. >> bret: the white house is saying it's out of context but not specifically how out of context. bring in the panel. steve hayes for "weekly standard." kirsten powers for daily beast. syndicated columnist, charles krauthammer. charles? >> look, i love when the president says we need conceptual break through. meaning the republicans have to accept a hike in rates. what he means is a political surrender. because there is no economic reason why you cannot raise the money he wants raised. by doing it through eliminating deductions, inclusions and credit. number one as we saw he, himself, said so. a year-and-a-half ago. secondly, the same debt reduction commission he appointed and then ignored. spoke a
obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the president and house speaker john boehner shared a phone call to discuss the latest republican proposal. it comes after the obama administration lowered its request for new tax revenue from $1.6 trillion in over ten years to 1.4 trillion. but before the call boehner was critical of the president. >> right now the american peopl
of the day going to show him and the republicans to be weaker and to have less leverage which giving obama more leverage on two things to your question. one is the debt ceiling extension issue which is the point that the president has made. he's not going to allow the republicans to hold this economy hostage. and another round of debt ceiling negotiations. i think he has to hold firm on that. the other thing i think the president has to hold firm on is getting stimulus in this plan. to jared's point, republicans have been making all the arguments if you cut too much you're going to hurt the economy. that's what the democrats said during the stimulus debate which jared was a leader on in 2009. it's a point i think they're still relevant on. >> let me just amplify those excellent points. one thing i have heard and i'm very happy about this is that the white house and these negotiations has been holding firm on the stimulus piece of this package. >> the 50 billion additional. >> there's 50 billion on infrastructure, an extension of unemployment. something like a payroll tax check boost there.
the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your show. megyn: i think i can do it. a challenge? >> i bet you can. in the last 27 years, every significant debt reduction bill that passed starting with graham rosen has been linked to a debt limit increase. this is the only tool in washington that forces both sides to do something about the debt and spendersing. so republicans aren't going to give this up because it's the only tool they have in this political situation to stop the president from going forward. and the reality is last year speaker boehner set an important resident. it's called the boehner rule. one dollar in spending increase for one dollar for debt limit increase. you balance the budge net 10 years without raising taxes. the republicans
have announce of compassion this christmas season, save it for john boehner and the house republicans. president obama is treating them as if he has them over a barrel headed if for fiscal cliff. and he does. this is not because mr. obama won re-election. after all, he won 51%. needed the greatest voter mobilization operation in history to do it. his leverage now stems from the law, which ends the bush tax rates on january 1, imposing new higher tax rate and a steep set of spending cuths that fall with special force on military. nobody wants these things but republicans, the low tax and strong defense party, want them least of all. not only that. but polls indicate that if these things come to pass, the public by large margin will blame the g.o.p. speaker boehner is trying to head this off bargaining with the president to keep tax rates they are now and raising revenue and closing tax loophole. mr. boehner want the president to agree to serious reform of the entitlement benefit. mr. obama says he wants to higher tax re-knew and higher tax rates on the rich to boot. but he has offered
of the storm. >> 4:49 right now. 29 days before we reach the fiscal cliff. republicans and democrats are locked in a war of words. negotiators are meeting behind closed doors to hash out a deal. president obama tried to put more pressure on republicans on thursday. he visited a family in virginia to highlight the impact of government spending cuts on the middle class. >> because democrats and republicans are not coming together to solve this problem -- >> republicans say they will support raising revenue by closing loopholes. >> therightward legislation. -- has pushed forward a right to work legislation. union activists shouted during the debate. several were arrested. the legislation prevents unions and from collecting fees from non-union workers. michigan's governor said he will sign the bill. >> 4:51 right now. up next, a new role for >> 4:53. let's take a look at weather. clacks good morning. we have a damp start to some areas. not much in the district, to the southeast. this is all very light. a little bit of paint showing at the mason dixon line. a little bit of snow baby -- maybe mixing
. the skicliff is tax hikes cominn january 1st. it could send us back into recession. president obama and congressional republicans blocking a deal to avoid an economic catastrophe. marco rubio addressing the public says it does nothing to solve the long-term problem of a ballooning national debt. >> tax increases will not solve our debt only economic growth will help control the debt. house republicans have a democratic bill that already passed the senate. the republican alternative will not work. >> the senate has already done their part. now we are waiting for republicans in the house to do the same thing. but so far they have put forward an unbalanced plan that lowers the rates for the wealthiest americans. >> the tax hikes on americans. they say voters made it clear when he was elected. >> he is a democrat. former florida governor carlie fritz making it official after two years as an independent. he's seen as a candidate former challenger republican rick scott in 2014. we have a message for christ. bring it on. he was elected in 2006 but ran for senator after losing the republica
an election. you saw it on the other side, republicans complained with some justification that obama rather than focusing on the economy went ahead with obama care and he paid for that. i think you're going to see the same sort of backlash here where voters have been saying very clearly they want action on the economy. now it becomes sort of an anti--union effort that has very little to do in the short term with the economy. so maybe, you know, they may be able to get their right to work thing through there but there will be the inevitable backlash. >> it is interesting that the congressional delegation, that there are a lot of members who are there now talking to the governor, jackie. what do you think? what's going on in that room right now? >> i think it also varies state to state i'd like to add. something that worked in wisconsin won't necessarily work in ohio. we saw that during some of the scott walker drama that went down. ohio, unions won. wisconsin, unions lost. michigan, another union heavy state, we could see something else entirely. that said the president going there and most
. >>> president obama remains firm that the wealthy must pay more. a few republicans are joining him. pipa visits sister kate. >>> the $8 million man and nasa's high res look at you on our planet earth. good morning, everyone. i'm lynn berry. this week president obama puts syrian leader bahsar al assad on notice about the use of chemical weapons. and now we know why. pentagon sources tell nbc news that syria is preparing chemical weapons for the possible use against the military people in the form of aerial bombs. jim miklaszewski reports. >> reporter: as the fighting grows more intense and syrian rebels close in on damascus, the syrian regime has turned increasingly desperate. u.s. officials tell nbc news the syrian military loaded the precursor chemicals for sarn nerve gas into aerial bombs. that could be dropped from dozens of syrian fighter bombers. this week u.s. intelligence detected a flurry of activity at chemical weapons sites like this one. while u.s. officials confirm the precursor chemicals are loaded, they must still be mixed together to create the deadly sarin gas. the development s
so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why he thinks the debt ceiling vote should be taken off the table. >> the debt ceiling is a phone y vote, frankly. and from time to time democrats have made it an item that they demagogue down and the republicans have demagogued on it, as well. the debt limit is a recognition o
't opened yet but has oscar buzz and is sloweded in controversy. republicans say the obama administration gave directors unprecedented and possibly inappropriate access to classified information. the white house denies this. here's barbara starr. >> you don't think she's a little young for the hard stuff? >> washington says she's a killer. >> reporter: it's a hollywood spy thriller with as much as oscar buzz as it has controversy. "zero dark 30," the story hunt for osama bin laden from the oscar winning powerhouse team of katherine bigelow and mark bowe recreates how it all happened, from the female cia analyst who finally figured out where he was hiding to the navy s.e.a.l.s who killed him. >> there are two narratives about the location of osama bin laden. >> reporter: the controversy? the obama administration has faced accusations it gave undeserved access to the film makers. in real life, everyone involved in the hunt for bin laden remains sworn to secrecy. but the film makers say they got firsthand accounts. they just won't say exactly how that happened. >> i think as a reporter you w
. and at the same time that obama was elected president, the republican house, which had twice voted for a real budget -- remember, the president's budget he claims he has a mandate for was put up before the house and the democrats all voted against it. in the senate, the democrats didn't want to have anything to do with it. it's a little hard to argue, he had a mandate for something the rest of his party ran away from. >> well -- >> did not run ads on those issues. >> and, of course, it was a bit more complicated than that. but to your point about the exit polls, it's true, most people said that they didn't want tax increases to solve the deficit. what they said -- the majority, was they wanted both balanced. they wanted cuts and tax increases. which is what both john boehner and the president -- in very stridently different ways have put forward. >> well, one of the challenges you have is if you ask the question, would you be willing to tax the rich, some people say yes. second question, if they tax the rich in a deal, do you think they'll also hit the middle class. yes. if they raise taxes,
of most americans. president obama understands that and republicans don't. >> is that because in your polling day, i always thought that people favored spending reduction and favored smaller government. this may be a mistake that the gop has not emphasized spending cuts. >> they certainly do. most people -- two out of three people want to see a deal that includes both tax hikes and spending cuts. they want to see more spending cuts, but they don't expect spending cuts to come out of this no matter what happens. in fact, the one thing that most people in the middle class believe is that regardless of whether we go over the fiscal cliff or whether a deal is reached to avert that, middle class taxes are going up, and so is spending. so there's a lot of cynicism in this process. >> real quick -- >> that's why the president has the edge. >> bottom line, the republicans are poised to take a fall? is that what your numbers show you? >> they are poised to take a hit on this right now. longer term, tim pact will weigh on the obama administration if the economy doesn't recover. >> all right. ma
more than 11,000 employees. president obama warned republicans not to try linking the fiscal cliff negotiations to an increase in the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the image resembles a lite-bright time lapse. find those pictures and our conversation with a software developer who set out to visualize the 24-hour cycle of urban public transit systems. that's on our homepage. an international telecommunications conference in dubai aims to set new rules for the internet. what's at stake? we take a look in the rundown. and on making sense, economics correspondent paul solman argues both sides of the capital gains tax debate. all that and mo
that the republicans seem to have a balanced plan. actually president obama is putting -- has been putting forward a balanced plan, spending and revenue increases for a long time. he's also done something very smart, which is put the republican tons defensive, unlike the beginning in the first term with the health care bill where he did not go around the country continuing to sell the idea as negotiations were going on. this time he has been doing that and he has put the republicans in a terrible spot. she's basically said, look, here are my revenue proposals. that's what i was all about. you guys were all about spending. tell me what you want to cut. go ahead. and they've, of course, had a little trouble with that. >> right. go ahead, make my day. john, "the washington post" today is reporting that investors are preparing to go off the cliff, shifting around assets. wealthy survival skills 101, so to speak. ceo says there must be a deal now. are republicans feeling this pressure from the super rich in the country? >> there's a real problem in that there's a real fear that what the republicans are
obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on that. the other thing the president is interested in, he wants a double deal and wants to raise
's capital despite the chill between democrats and republicans. >> president obama dug in his heels insisting on tax increase or higher earners. >> and they both agree he that the other's proposals are ridiculous. >> just a sampling of the coverage this week as the media keep a watch on what's done or not to avert the fiscal cliff. >> jim shall the overriding theme in the media seems to be that president obama won the election and therefore should do what he wants and the media seems to forget na john boehner and everyone else won their elections as well and they're a co-equal branch of government. >> i think the media loves the story of president obama's comeback and the new york time describes him as disciplined and unyielding and focused on this and i think there are other media stories as well. the second media story or narrative. which one wants to grow by virtue of the tax increases and get new perspective from the mainstream media and the third is mcconnell and boehner back and forth. and the media want to praise him if they raise taxes and. the sort of grover norquist and he's a funny
's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax to save 2% of the wealthiest americans paying a little bit more. and that's a very bad position for the republicans to find themselves in, isn't it? >> it certainly is. it's a very bad position for them to find themselves in. the fact of the matter, it isn't true. raising taxes on the wealthiest americans will not only solve the problems. it doesn't even address the core problems. the core problems, $16 trillion in national debt comes from government overspending. and we have sluggish growth. raising the taxes on anybody, whether it's the poor or the middle class or the wealthiest americans, doesn't solve that problem. and that's my point of frustration. let's figure out what the key problems are and solve those, instead of having the rhetoric and say we need more revenue. i gave the analogy, of giving a kid an allowance,
and speaker have taken no concrete steps to resolve the so-called fiscal cliff. president obama remains insistent that republicans yields to his ultimatum that he be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reduce trillion dollar deficits and a national debt that is now mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on fiscal policy that would make both casey stiegel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to defic
.c., the standoff continues. house speaker john boehner says he's still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear likely any time soon. >> an obsession to raise taxes is not going to solve the problem. >> treasury secretary timothy geithner said the white house is absolutely willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans seems willing to concede that point, the party seemed unchangeable. >> speaker boehner took a position, i think the day after the campaign, that said we're willing to bring in revenue, but we're not willing to increas
and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes without upping tax rates at all tea party leaders say higher taxes shouldn't be in any form because it is not what republicans stand for. south carolina senator jim demint went so far as to call on supporters of his senate conservative fund to call senate republicans and ask them to oppose what he's calling the boehner tax hike. the looming question for re
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